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The Hindu Editorial Analysis | PDF Download

Date: 07 April 2019

MCQ - Bank and Indiabulls Housing Finance (IBHF) boards on Friday approved merger of the two entities

A. Indian overseas Bank
B. Exim Bank
C. Laxmi Vilas Bank
D. Central Bank

MCQ - Konyaks are tribe from

A. Odisha
B. Manipur
C.Nagaland
D.South america

 

  • The Konyaks are one of the major Naga tribes. They are easily distinguishable from other Naga tribes by their pierced ears; and tattoos which they have all over their faces, hands, chests, arms, and calves.
  • Facial tattoos were earned for taking an enemy's head.
  • Other unique traditional practices that set the tribe apart from the rest are: gunsmithing, iron-smelting, brassworks, and gunpowder-making. They are also adept in making 'Janglaü' (machetes) and wood sculptures.
  • In Nagaland, they inhabit the Mon District-- also known as 'The Land of The Anghs'. The Anghs/Wangs are their traditional chiefs whom they hold in high esteem.
  • Aoling, a festival celebrated in the first week of April (1- 6) to welcome the spring and also to invoke the Almighty's (Kahwang) blessing upon the land before seedsowing, is the biggest festival of the Konyaks. Another festival, 'Lao Ong Mo', is the traditional harvest festival celebrated in the months of August/September.
  • The Konyaks have the largest population among the Nagas.
  • They are found in Tirap, Longding, and Changlang districts of Arunachal Pradesh; Sibsagar District of Assam; and also in Myanmmar.

MCQ  -  Roadis, a private investor and operator of transport infrastructure worldwide is going to invest in existing road concessions and investment opportunities in the road sector with an aim to create a large roads platform in the country it has joined hands with

A. RBI
B. ADB
C. Ministry of highways
D. NIIF

  • National Investment and Infrastructure Fund (NIIF) is a fund created by the Government of India for enhancing infrastructure financing in the country.
  • This is different from the National Investment Fund.
  • NIIF was proposed to be set up as a Trust, to raise debt to invest in the equity of infrastructure finance companies such as Indian Rail Finance Corporation (IRFC) and National Housing Bank (NHB). The idea is that these infrastructure finance companies can then leverage this extra equity, manifold. In that sense, NIIF is a banker of the banker of the banker.
  • NIIF is envisaged as a fund of funds with the ability to make direct investments as required. As a fund of fund it may invest in other SEBI registered funds.
  • Its creation was announced in the Union Budget 2015-16. The operational framework was approved on 20 August 2015.
  • NIIF got registered with SEBI as Category II Alternative Investment Fund (AIF) on December 28, 2015. A website was created on 8 June 2016.Mr. Sujoy Bose, Director and Global Co-Head, Infrastructure and Natural Resources, International Finance Corporation(IFC), Washington DC, was appointed as the first Chief Executive Officer (CEO) of NIIF Ltd on 27 June 2016. Its first investment was made in January 2018.
  • Financial Times (London) had adjudged NIIF as the Most Innovative structure in Asia Pacific under Finance category.
  • The objective of NIIF would be to maximize economic impact mainly through infrastructure development in commercially viable projects, both greenfield and brownfield, including stalled projects. It could also consider other nationally important projects, for example, in manufacturing, if commercially viable.
  • Functions of NIIF
  • Fund raising through suitable instruments including off-shore credit enhanced bonds, and attracting anchor investors to participate as partners in NIIF;
  • Servicing of the investors of NIIF.
  • Considering and approving candidate companies/institutions/ projects (including state entities) for investments and periodic monitoring of investments.
  • Investing in the corpus created by Asset Management Companies (AMCs) for investing in private equity.
  • Preparing a shelf of infrastructure projects and providing advisory services.
  • The proposed corpus of NIIF is Rs. 40,000 Crores (around USD 6 Billion). The initial authorized corpus of NIIF would be Rs. 20,000 crore, which may be raised from time to time, as decided by Ministry of Finance.
  • Government can provide upto 20000 crore per annum into these funds.
  • Government's contribution/share in the corpus will be 49% in each entity set up as an alternate Investment Fund (AIF) and will neither be increased beyond, nor allowed to fall below, 49%.
  •  The whole of 49% would be contributed by Government directly. Rest is open for contribution from others. The contribution of Government of India to NIIF would enable it to be seen virtually as a sovereign fund and is expected to attract overseas sovereign/ quasisovereign/multilateral/bilateral investors to co-invest in it. Cash-rich Central Public Sector Enterprises (PSUs) could contribute to the Fund, which would be over and above the Government's 49%.
  • Similarly, domestic pension and provident funds and National Small Savings Fund may also provide funds to the NIIF. NIIF may utilize the proceeds of monetized land and other assets of PSUs for infrastructure development. The NIIF will work out these details in consultation with the Ministry of Finance, to match different investors’ preferences.

MCQ - “Murein EndopeptidiaseK”is a

A. Spacecraft
B. Artificial tech based robot
C.Enzyme for bacteria cell wall
D.An agreement between EU and WTO

Centre for Cellular and Molecular Biology

  • The Centre for Cellular and Molecular or CCMB is an Indian biotechnology research establishment located in Hyderabad that operates under the aegis of the Council of Scientific and Industrial Research.
  • CCMB is a designated "Center of Excellence" by the Global Molecular and Cell Biology Network, UNESCO.
  • The Republic of India's national biosafety level – 4 containment facility for human infectious diseases is located on the campus of CCMB.
  • The center collaborates with the University of Nebraska Medical Center for translational research on glaucoma In addition, the centre receives funding for specific collaborative projects from establishments outside India, such as the National Institutes of Health, Harvard Medical School and the Massachusetts Institute of Technology in the United States, the Imperial Cancer Research Fund and Cambridge University in the United Kingdom, the IndiaJapan Science Council and the University of Ryukyus in Japan,Centre Nationale de la Recherche Scientifique and the Pasteur Institute in France and the Volkswagen Foundation in Germany.